A well-functioning value chain should involve:
A)A series of consecutive steps that add value to inputs right up to the point that finished goods or services are delivered to the customer.
B)A series of steps done all at once and delivered as cheaply as possible.
C)A production manager to keep watch over the human resources people.
D)Many levels of management.
E)Many levels of performance measurement.

Question

Quizplus · Accepted Answer

A well-functioning value chain should involve a series of consecutive steps that add value to inputs right up to the point that finished goods or services are delivered to the customer. This means that all steps in the chain should contribute to improving the final product or service and delivering it in the most efficient way possible. The other choices, such as doing all steps at once, having many levels of management, or many levels of performance measurement, may not necessarily lead to an effective value chain.

A Well-Functioning Value Chain Should Involve